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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1.

Multiple Choice Questions

1. Which economist and philosopher does Levitt cite at the end of his introduction?
(a) Karl Marx.
(b) John Stuart Mill.
(c) Jeremy Bentham.
(d) Adam Smith.

2. What does Gyges' ring do?
(a) It makes him invisible.
(b) It makes him immortal.
(c) It makes him a giant.
(d) It makes him omniscient.

3. According to Levitt, what do experts use their knowledge for?
(a) The furthering of the status quo.
(b) The benefit of the uninitiated.
(c) The greater good.
(d) A personal agenda.

4. According to Levitt, what do humans primarily respond to?
(a) Flattery.
(b) Incentives.
(c) Passion.
(d) Fear.

5. Which of the following is not a bit of specialty information Levitt says a real estate owner claims to have?
(a) The house's true value.
(b) Housing market.
(c) Architectural background.
(d) State of the buyer's mind.

Short Answer Questions

1. What is Arne Duncan's first course of action after the CPS researchers release their report on cheating?

2. When do 7-7 sumo wrestlers begin losing matches most often?

3. What is the average annual salary of a bottom-tier sumo wrestler?

4. What is the central action of economics?

5. How many bouts does a sumo wrestler have to win in order for his ranking to rise?

(see the answer key)

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